Daily Markets Briefing: STI down 0.41%

Find out who the biggest losers were.

According to KGI Fraser, Asian markets closed mostly higher on Tuesday. Japan (Nikkei 225 +1.3%) and Taiwan (TAIEX +0.7%) in North Asia extended their rally, while emerging markets in South East Asia (Thailand’s SET +0.6%, Malaysia’s KLCI +0.2% and Indonesia’s JCI +0.3%) saw gains as well.

Here’s more from KGI Fraser:

The STI in Singapore lost ground compared with its South East Asian peers.

The index fell 11.42 points or 0.4% to close lower at 2,789.45. The key shakers in the index were Singapore Press Holdings (-1.8%), Hutchinson Port Holdings Trust (-3.3%), CapitaLand Mall Trust (-1.5%) and SingTel (-0.3%). 

There were only four gainers in the index for Tuesday, with DBS (+0.5%) contributing most significantly amongst the index movers.